311 Silver Place, Knoxville, TN 37917

$1,049,950
Property Type: Multi-Family Square Footage: 5,626 Status: Active
Current Price: $1,049,950 List Date: 10/23/2025 Last Modified: 1/22/2026

Description

Well-located 7-unit multifamily opportunity in North Knoxville, recently taken over following foreclosure and management transition. Current ownership has completed roster cleanup, implemented a revised rent structure that includes a built-in water/sewer offset, and is actively refilling vacant units. All units are operated as long-term rentals; no short-term rental income is assumed or required. This asset is best suited for a hands-on owner-operator seeking to complete lease-up and maximize cash flow through self-management and operational efficiency. Utilities are individually metered where applicable, with owner covering common utilities and water/sewer. Income and expense figures reflect projected stabilized operations based on market-supported rents. Buyer to verify all information and perform independent due diligence. Located just minutes from Downtown Knoxville, UT, major employers, and local entertainment districts. Property built before 1978 may contain lead-based paint. Zoned RN-4

More Information MLS# 1319536

Location, Tax & Legal Info

Area: Knox County - 1 City/County Code: City Limits Total Tax: 8759.1

Contract Info

Auction Y/N: No Listing Price: 1049950 Current Price: $1,049,950 Status: Active Listing Date: 2025-10-22

General Property Description

Lot Dimensions: 75 x 131 Restrictions: No Utilities/Mo Avg: 826.85 Property Status: N/A Driveway: Gravel SqFt - Total (Aprox): 5626 Number of Units: 7 Year Built: 1899

Remarks & Misc

Directions: FROM Broadway SW (US-441): Go for 1.1 mi. Turn left onto Caswell Ave NE. Go for 328 ft. Turn slightly left onto Irwin St. Go for 98 ft. Turn right onto Cullen Pl. Go for 200 ft. Public Remarks: Well-located 7-unit multifamily opportunity in North Knoxville, recently taken over following foreclosure and management transition. Current ownership has completed roster cleanup, implemented a revised rent structure that includes a built-in water/sewer offset, and is actively refilling vacant units. All units are operated as long-term rentals; no short-term rental income is assumed or required. This asset is best suited for a hands-on owner-operator seeking to complete lease-up and maximize cash flow through self-management and operational efficiency. Utilities are individually metered where applicable, with owner covering common utilities and water/sewer. Income and expense figures reflect projected stabilized operations based on market-supported rents. Buyer to verify all information and perform independent due diligence. Located just minutes from Downtown Knoxville, UT, major employers, and local entertainment districts. Property built before 1978 may contain lead-based paint. Zoned RN-4

Property Sub-Type

House Converted: 1

Construction

Frame: 1

Type of Units

Efficiency Unit: 1 1 Bedroom Unit: 1 2 Bedroom Unit: 1

Siding

Vinyl: 1 Other: 1

Sale Includes

Building and Land: 1

Cooling

Ceiling Fan(s): 1 Central Cooling: 1

Floors

Hardwood: 1 Luxury Vinyl Plank: 1 Vinyl: 1

Garage/Parking

Off-Street Parking: 1 On Premise Parking: 1 On-Street Parking: 1

Tenant Expenses

Cooling: 1 Electricity: 1

Owner Expenses

Advertising: 1 Common Area Maintenance: 1 Exterior Maintenance: 1 HVAC Maintenance: 1 Insurance: 1 Lawn Maintenance: 1 Roof Maintenance: 1 Taxes: 1

Fuel

Electric: 1

Heat

Central: 1

Appliances

Range: 1 Refrigerator: 1

Other Rooms

Foyer: 1 Mstr Bdrm Main Level: 1

Roof

Metal: 1

Exterior Features

Porch - Covered: 1

Misc Features

Walk-in Shower: 1

New Financing

Cash: 1 Conventional: 1 New Loan: 1

Showing

See Agent Instructns: 1

Location Tax Legal Info

House #: 311 Street Name: Silver St Suffix: Place State/Province: TN Zip Code: 37917 PIN #: 081MS014 Subdivision: Cullen Prop Pt 11 Geo Lat: 35.980912 Geo Lon: -83.925048

Status Change Info

Status Change Date: 2025-10-23

Property Features

Property Sub-Type: House Converted Type of Units: Efficiency Unit; 1 Bedroom Unit; 2 Bedroom Unit Sale Includes: Building and Land Floors: Hardwood; Luxury Vinyl Plank; Vinyl Tenant Expenses: Electricity Owner Expenses: Advertising; Common Area Maintenance; Exterior Maintenance; HVAC Maintenance; Insurance; Lawn Maintenance; Roof Maintenance; Taxes Fuel: Electric Heat: Central Cooling: Ceiling Fan(s); Central Cooling Appliances: Range; Refrigerator Construction: Frame Roof: Metal Siding: Vinyl; Other Exterior Features: Porch - Covered Misc Features: Walk-in Shower Other Rooms: Foyer; Mstr Bdrm Main Level New Financing: Cash; Conventional; New Loan Showing: See Agent Instructns
Listing Office: Pace Probity Asset Management
IDX
Office Phone: 865-357-1537
Last Updated: January - 22 - 2026
The data relating to real estate for sale on this Web Site comes from the IDX Program of the Knoxville Area Association of REALTORS® Multiple Listing Service. © Copyright 2020 All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. This information is updated weekly, however, some of these properties may subsequently have sold and may no longer be available. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision.